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Politics : Formerly About Advanced Micro Devices
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To: Bill Jackson who wrote (72350)9/19/1999 3:35:00 PM
From: steve harris  Read Replies (2) of 1573092
 
Bill,
SEC filings dug up on THE Register,

theregister.co.uk

"In an AMENDMENT NO. 1 TO SEMICONDUCTOR TECHNOLOGY LICENSE AGREEMENT is the following agreement: "Intel will use its continuing best efforts in marketing, public relations, and engineering to make the Rambus-D DRAM the primary DRAM for PC main memory applications through December 31, 2002; and (b)Intel will communicate to the top (10) DRAM manufacturers, Intel's intention to support the Rambus-D Interface Technology in its integrated circuits for low end workstation, performance desktop, and basic PC platforms."

"But there's more. In the same section is the following statement: "In January 1997 the Company granted a warrant to Intel Corporation for the purchase of 1,000,000 shares of Rambus common stock at an exercise price of $10.00 per share. The warrant will become exercisable only upon the achievement of certain milestones by Intel, which will result in a charge to the statement of operations at the time of achievement of the milestones based on the fair value of the warrant."

That deal is now worth between $80 million and $100 million, a sizeable carrot which is worth a lot to Intel's bottom line."

Definately a monetary interest I would think.

Follow the money..............

steve

ps: theregister.co.uk
Wish AMD had $20million to buy OEM's "interests"
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